Diversified Royalty Corp.

DIV-T

TSE:DIV

3.18
0.01 (0.31%)
Bennett Environmental Inc. was a Canadian company based in Oakville, Ontario. It specialized in the recovering of soils contaminated with chlorinated hydrocarbons, including PCBs and PCPs, Dioxins and Furans.
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Analysis and Opinions about DIV-T

Signal
Opinion
Expert
COMMENT
COMMENT
September 25, 2019
Likes it but the market is concerned about the 7.8% dividend. They still have cash from a sale of a division. They need a new royalty stream to uphold the div.
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Likes it but the market is concerned about the 7.8% dividend. They still have cash from a sale of a division. They need a new royalty stream to uphold the div.
DON'T BUY
DON'T BUY
September 10, 2019
He doesn't follow it, but all the royalty trusts are not stocks he buys. Maybe it's good for the income. DIV has some good businesses like Mr. Lube, but trusts are difficult to value. For income investors. Careful not to overpay trusts.
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He doesn't follow it, but all the royalty trusts are not stocks he buys. Maybe it's good for the income. DIV has some good businesses like Mr. Lube, but trusts are difficult to value. For income investors. Careful not to overpay trusts.
COMMENT
COMMENT
August 16, 2019

18-24 months ago they stumbled with a restaurant royalty, but are doing well with a new royalty concerning a muffler business at Walmart. But this will be cyclical in a downturn. The dividend is safe now.

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18-24 months ago they stumbled with a restaurant royalty, but are doing well with a new royalty concerning a muffler business at Walmart. But this will be cyclical in a downturn. The dividend is safe now.

DON'T BUY
DON'T BUY
August 1, 2019
He does not own it currently. They acquire royalties from other companies to distribute. Payout ratio is over 137% of cash flow, which is unsustainable in his mind. Earnings growth is expected at 15% this year and 20% next year. He still thinks it will be challenged to keep the dividend. Yield 7.7%
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He does not own it currently. They acquire royalties from other companies to distribute. Payout ratio is over 137% of cash flow, which is unsustainable in his mind. Earnings growth is expected at 15% this year and 20% next year. He still thinks it will be challenged to keep the dividend. Yield 7.7%
WAIT
WAIT
June 28, 2019
Why is the price dropping? He respects the CEO and has long owned DIV. The founder thought the restaurant-royalty business and understands it very well. He's looking for more opportunities in this space. The sell-off is due to DIV's payout ratio, which is slightly over 100. This could change if a new opportunity arises and therefore push down that ratio.
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Why is the price dropping? He respects the CEO and has long owned DIV. The founder thought the restaurant-royalty business and understands it very well. He's looking for more opportunities in this space. The sell-off is due to DIV's payout ratio, which is slightly over 100. This could change if a new opportunity arises and therefore push down that ratio.
BUY
BUY
April 29, 2019
Their payout ratio is around 85%, high but safe, because they're growing into it. Mr. Lube is putting them into Walmarts in Canada, which has generated tremendous growth. He owns their convertible debenture and likes this company. 6.7% yield.
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Their payout ratio is around 85%, high but safe, because they're growing into it. Mr. Lube is putting them into Walmarts in Canada, which has generated tremendous growth. He owns their convertible debenture and likes this company. 6.7% yield.
SPECULATIVE BUY
SPECULATIVE BUY
February 20, 2019
They buy royalties from other companies. The payout ratio is about 115%, so be cautious. The sold an asset last year, but have been slow to deploy that to generate new royalties, so it taking time for the metrics to realign. He would give them the benefit of the doubt. Yield 7.2%
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They buy royalties from other companies. The payout ratio is about 115%, so be cautious. The sold an asset last year, but have been slow to deploy that to generate new royalties, so it taking time for the metrics to realign. He would give them the benefit of the doubt. Yield 7.2%
HOLD
HOLD
February 8, 2019
These yield plays do well in the summer when cyclicals (and risk-off stocks) are out of favour. Now, investors are very defensive. DIV has been gaining during current seasonal strength (since late-2018). It's been rangebound the past year, though its above its 200-day moving average. Resistance at $3.15. He's not excitied by this, but it is holding.
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These yield plays do well in the summer when cyclicals (and risk-off stocks) are out of favour. Now, investors are very defensive. DIV has been gaining during current seasonal strength (since late-2018). It's been rangebound the past year, though its above its 200-day moving average. Resistance at $3.15. He's not excitied by this, but it is holding.
COMMENT
COMMENT
January 23, 2019
DIV-T vs AD-T He owns Diversified. He likes their management team and it pays a good dividend. He waits to hear how management will deploy their capital going forward, but likes how management has been prudent with it. The yield is enticing. Alaris has stumbled as of late. He prefers DIV-T.
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DIV-T vs AD-T He owns Diversified. He likes their management team and it pays a good dividend. He waits to hear how management will deploy their capital going forward, but likes how management has been prudent with it. The yield is enticing. Alaris has stumbled as of late. He prefers DIV-T.
WATCH
WATCH
November 27, 2018
It screens very high in his metrics. Nothing wrong fundementally here. A potential buy.
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It screens very high in his metrics. Nothing wrong fundementally here. A potential buy.
HOLD
HOLD
October 26, 2018

Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.

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Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.

BUY
BUY
October 4, 2018

They buy the royalty rights for a company they are taking over. It is a high growth business. They have increased same store sales. The value will probably go up from here.

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They buy the royalty rights for a company they are taking over. It is a high growth business. They have increased same store sales. The value will probably go up from here.

BUY
BUY
August 28, 2018

It screens well in his quantitative strategies. They had a big hiccup a year and a half ago with one of their restaurant royalties. Since then, they added an auto muffler and oil change service. It has grown quickly. The stock hasn’t done much but has built a big base at this level. He’s looking to buy more. He likes the interest-sensitive stocks now because he thinks the rate-hike cycle is almost done, especially in Canada. He thinks that a significant consumer slowdown has started, which will put a brake on rates. In the US, the Fed has been indicating too that it is slowing rate hikes. (Analysts’ price target is $4.13)

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It screens well in his quantitative strategies. They had a big hiccup a year and a half ago with one of their restaurant royalties. Since then, they added an auto muffler and oil change service. It has grown quickly. The stock hasn’t done much but has built a big base at this level. He’s looking to buy more. He likes the interest-sensitive stocks now because he thinks the rate-hike cycle is almost done, especially in Canada. He thinks that a significant consumer slowdown has started, which will put a brake on rates. In the US, the Fed has been indicating too that it is slowing rate hikes. (Analysts’ price target is $4.13)

HOLD
HOLD
August 10, 2018

They have owned this for some time. It has holdings in Mr. Lube, Sutton Group and Airmiles. They hold a lot of cash and have a dividend over 6%. He would continue to hold this. Yield 6%.

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They have owned this for some time. It has holdings in Mr. Lube, Sutton Group and Airmiles. They hold a lot of cash and have a dividend over 6%. He would continue to hold this. Yield 6%.

HOLD
HOLD
June 13, 2018

He owns this one. He likes it, but is waiting for them to sign another deal. Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet. He thinks they have a good pipeline for new deal opportunities. Yield 6.9%.

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He owns this one. He likes it, but is waiting for them to sign another deal. Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet. He thinks they have a good pipeline for new deal opportunities. Yield 6.9%.

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